Robotics and Automation Actuators Market Size, Share, Trends and Future Study

us_defense_news October 10, 2022

5 min read

The robotics and automation actuators market is estimated to be valued from USD 18.7 billion in 2022 to USD 35.8 billion by 2027; at a CAGR of 13.9% during the forecast period. Industries across all the regions are expected to adopt robotics and automation actuators that have simple designs, are easy to operate, and are cost-effective.

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Driver: Ongoing technological advancements in Robotics and automation actuators

The demand for improved performance Robotics and automation actuators for use in various industries has led to the development of new and advanced actuators such as electrical actuators, compact pneumatic actuators, and explosion- proof actuators. Electrical actuators are the most advanced actuators in terms of technology. They are increasingly used in the mining, automation, aerospace & defense, and chemical industries as they are silent, clean, non-toxic, and energy competent. These actuators are more efficient than pneumatic and hydraulic actuators. Electrical actuators can be integrated with critical systems using data bus communication. They offer instant feedback of movements of end effectors and provide accurate variable control over motor speed acceleration and velocity. They are also easy to install. Electrical actuators have a long shelf life and require low maintenance, leading to low total functional costs as compared to other actuators.

Moreover, several other types of actuators, such as mini-electrical actuators, digital linear actuators, and idle speed controllers, have also been developed and introduced in the market. Thus, continuous technological advancements in actuators are expected to lead to their increased application in various industries, thereby fueling their demand across the globe. This increased demand for different types of actuators is expected to contribute to the growth of the Robotics and automation actuators market during the forecast period.

Restraint: Continuous upheavals in the oil & gas industry and volatility in the price of crude oil

Actuators are used in the petrochemicals industry for automation at different stages of the oil & gas supply chain. Continuous upheavals in the oil & gas industry in the form of reduced oil prices have affected oil & gas exploration activities across the globe. Several oil-producing countries are focusing on the optimum utilization of their current oil wells. Exploration and development activities of new oil & gas fields are taking place at a very slow pace. This has adversely affected the overall growth of the actuators market. The price of crude oil has fallen drastically over the last few years, affecting the overall market for various components used in the oil & gas supply chain, including Robotics and automation actuators.

Opportunity: Development of smart cities across the globe

Due to the ongoing rapid urbanization across the globe, there is an increase in the development of smart cities across the globe. Smart cities adopt instrumentation and actuation technologies to manage and interconnect thousands of scattered sensors and actuators, which use the Internet of Things (IoT).

Smart cities use electronically-driven solutions for logistics applications. Smart electrical actuators equipped with inbuilt location feedback and power systems as well as bus communication act as cost-effective solutions for the transformation of control logic into smart motion. These actuators cater to service robots such as cleaning robots, automated guided vehicles, automated parking systems, surveillance robots, etc.

There is an increase in the number of smart cities being planned across the globe, as several existing cities are facing housing shortages, overstretched infrastructures, and uncertain water and energy supplies. This has led to the requirement for smart cities that use the Internet of Things as a networking technology and smart data as a forecasting technology. Thus, the development of smart cities using these technologies is expected to lead to decentralized management, the merger of heating and electricity facilities, and the integration of industrial facilities, buildings, and vehicles as energy suppliers.